Answer:
The errors have resulted in the overstatement of net income by $9,400. Actual net income is $35,600
Explanation:
Expired rent is usually accounted for by debiting rent expense and crediting prepaid rent account. As such this is an additional expenses that will be deducted from sale to get the net income.
Depreciation expense on asset is recorded by debiting depreciation expense and crediting accumulated depreciation. Again, it is an additional expenses that will be deducted from sale to get the net income.
Supplies used is a debit to supplies expense and a credit to the supplies account (B/s). Hence, it is an additional expenses that will be deducted from sale to get the net income.
Hence the total additional expense to be recorded
= $3,500 + $4,100 + $1,800
= $9,400
When recorded, net income
= $45,000 - $9,400
= $35,600
Answer:
100
Explanation:
1000 expensives of the more u do in the book
This strategic move will positions Zenovia Incorportation to enjoy and benefit from economic arbitrage. Economic arbitrage refers to simultaneous buying and selling of an asset or a product in order to make profit from the price difference. Arbitrage strategy profits by exploiting the price differences of a particular product in different markets.
AFC mean average fixed costs. This is equal to total fixed costs divided by the amount of output. If the output is equal to 1000, then the AFC is
AFC = $250.00 ÷ 1,000
AFC = $ 0.25
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